Startlink Systems Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01670261 (England and Wales)

Financial Statements for the Year Ended 31st March 2017

for

Startlink Systems Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mark James Singleton

REGISTERED OFFICE:

Tustins

Walwyn Road

Colwall

Malvern

Worcestershire

WR13 6QP

REGISTERED NUMBER:

01670261 (England and Wales)

ACCOUNTANTS:

John Yelland & Company

Chartered Certified Accountants

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

3

883

1,039

CURRENT ASSETS

Debtors

103

232

Cash at bank

6,158

14,492

6,261

14,724

CREDITORS

Amounts falling due within one year

202,972

197,683

NET CURRENT LIABILITIES

(196,711

)

(182,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(195,828

)

(181,920

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(195,928

)

(182,020

)

SHAREHOLDERS' FUNDS

(195,828

)

(181,920

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19th December 2017 and were signed by:

Mark James Singleton - Director

1.	STATUTORY INFORMATION

Startlink Systems Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on cost

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

and 31st March 2017

9,785

DEPRECIATION

At 1st April 2016

8,746

Charge for year

156

At 31st March 2017

8,902

NET BOOK VALUE

At 31st March 2017

883

At 31st March 2016

1,039

4.	GOING CONCERN

The financial statements have been prepared on a going concern basis, which assumes that the business will

continue in operational existence for the foreseeable future.

The basis is considered appropriate by the director because the company has no overdraft and is able to meet

its debts as and when they fall due. The company is being financed by the director who has agreed not to

withdraw his director's current account of £202,494 (2016: £197,119), if to do so would prejudice the future

trading of the company.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of

the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify

fixed assets as current assets.